A Malaysian court has granted an application by anti-corruption officials to issue an arrest warrant for two sons of former finance minister Daim Zainuddin, after they failed to comply with repeated requests to turn up for questioning over their family’s wealth. Daim and his clan have been at the centre of a years-long probe into alleged abuse of power and corruption by the country’s elites, who c...
A Malaysian court has granted an application by anti-corruption officials to issue an arrest warrant for two sons of former finance minister Daim Zainuddin, after they failed to comply with repeated requests to turn up for questioning over their family’s wealth. Daim and his clan have been at the centre of a years-long probe into alleged abuse of power and corruption by the country’s elites, who critics have accused of colluding with two-time prime minister Mahathir Mohamad to enrich themselves...
Peruvians will choose from a bewildering array of 35 presidential candidates this Sunday, electing the next leader of an Andean nation beset by crime and a string of short-lived, scandal-tainted presidencies. “Now any old person runs for office,” said 51-year-old teacher Jane Layza, pondering the plethora of presidential hopefuls, and how she will cast her ballot. A few in the field are well known...
Peruvians will choose from a bewildering array of 35 presidential candidates this Sunday, electing the next leader of an Andean nation beset by crime and a string of short-lived, scandal-tainted presidencies. “Now any old person runs for office,” said 51-year-old teacher Jane Layza, pondering the plethora of presidential hopefuls, and how she will cast her ballot. A few in the field are well known – a popular male comic, the daughter of a brutal autocrat, and a former Lima mayor who likens...
Japan’s Chiyoda Corp. says it is considering resuming construction work on a giant liquefied natural gas export plant in Qatar, in a sign of cautious optimism hours after the US and Iran agreed a ceasefire. Qatar evacuated staff from its facility in Ras Laffan in early March following an Iranian drone attack. That shut production and again delayed the start of a massive expansion, which had been d...
Japan’s Chiyoda Corp. says it is considering resuming construction work on a giant liquefied natural gas export plant in Qatar, in a sign of cautious optimism hours after the US and Iran agreed a ceasefire. Qatar evacuated staff from its facility in Ras Laffan in early March following an Iranian drone attack. That shut production and again delayed the start of a massive expansion, which had been due to come online by the end of this year. Chiyoda, an engineering heavyweight, is one of the companies involved in that construction. “Based on the situation so far, we are considering the resumption of on-site work for the LNG project in Qatar,” a Chiyoda spokesperson said on Wednesday. Hours ahead of a deadline set by President Donald Trump, the US and Iran agreed to a two-week ceasefire that’s could pause a conflict that has damaged infrastructure across the region, and reopen the vital Strait of Hormuz. Chiyoda’s return to work in Ras Laffan will raise hopes for some parts of the wider facility, after operator QatarEnergy said last month the damage would take years to repair. Read More: Strikes on Qatar’s LNG Crown Jewel Reshape the Future of Gas Chiyoda shares surged to 16%, the most since March 18, touching the upper daily limit during morning trading hours in Tokyo as investors bet on the company as a key player in reconstruction across the Persian Gulf. The broader Topix Index gained as much as 3.5%. Companies like Chiyoda are “likely to play a key role in repairing or replacing energy infrastructure, including LNG, hydrogen, ammonia, decarbonization projects and desalination plants” in the Middle East, said Neil Newman, head of strategy at Astris Advisory Japan.
EVE Energy Co. , one of China’s top lithium-ion battery makers, said it would build two new manufacturing plants with a combined annual capacity of 110 gigawatt-hours at a total cost of 11 billion yuan ($1.6 billion). The plan includes a 6 billion-yuan joint venture with Fujian Longking Co. in southern China, which will have an annual capacity of 60 gigawatt-hour, according to a company filing on ...
EVE Energy Co. , one of China’s top lithium-ion battery makers, said it would build two new manufacturing plants with a combined annual capacity of 110 gigawatt-hours at a total cost of 11 billion yuan ($1.6 billion). The plan includes a 6 billion-yuan joint venture with Fujian Longking Co. in southern China, which will have an annual capacity of 60 gigawatt-hour, according to a company filing on Tuesday. In a separate notice, the maker announced an investment of 5 billion yuan for a 50-gigawatt-hour plant in the country’s east, which will produce both stationary and electric vehicle batteries. The expansion is intended to “better seize the market opportunities” in utility-scale and EV storage, enhancing the company’s competitiveness in the sector, according to the filings. The announcements came as the company reported on Tuesday that its net income is likely to increase by as much as 35% in the first quarter. Its shares jumped 6.2% in early trading on Wednesday, marking the biggest intraday gain since March 20. With business spanning EV, stationary and consumer electronic batteries, the company has been accelerating its capacity expansion in recent months. In March, it also announced another two plants in southern China, with a combined capacity of 120 gigawatt-hours and a total investment of 12 billion yuan.